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A firm's long-term assets =$70,000, total assets =$310,000, inventory =$24,000 and current liabilities =$50,000. What are the firm's current ratio and quick ratio? Note: Round

image text in transcribed A firm's long-term assets =$70,000, total assets =$310,000, inventory =$24,000 and current liabilities =$50,000. What are the firm's current ratio and quick ratio? Note: Round your answer to 1 decimal place. Multiple Choice Current ratio =9.8; quick ratio =9.3 Current ratio =7.3; quick ratio =6.8 Current ratio =14.8; quick ratio =14.3 Current ratio =4.8; quick ratio =4.3

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